3. a) The company is considering three projects. The return on project Alpha is OMR 1 Million with a probability of 0.4 or a return of OMR 2 Million with a probability of 0.6. Project Beta returns are expected to be negative OMR 1 Million, for this probability is 0.2 and 0.8 is the probability that project earns a return of OMR 4 Million. The project Gamma also in the consideration of the company for that company has 100% chances of getting return of OMR 1 million. Compare the mean return and risk of the projects. b) The company is considering about probability of insolvency for one of its project. You have to calculate the probability of insolvency with following information The returns and standard deviation are OMR 330,000 and OMR 240,000 respectively those are normally distributed. If the project loses more than OMR 120,000 the company will be made insolvent